… or more like – IT HAPPENED AGAIN!!!

Yesterday, it was Friday 21st October. Our appointment at the notary office was at 2.30 pm to sign the preliminary contract on the best plot we’ve seen so far.

Our agent and we were running around all week to make this deal happen. We jumped through a lot of hoops to arrive at the meeting to sign the preliminary contract ready – full due diligence on the seller as it was a company – and full due diligence on the plot.

Our legal consultants and agents were telling us that this deal has been the most complicated they have ever seen. Pretty much the whole spectrum of property law practice was reflected in this case, they said.

At the last moment, it turned out that the company owning the plot is connected to another one who went bankrupt, and that exposes us to a considerable risk of having the property repossessed by creditors of the previous owner.

We need to go back and do more consultation with bankruptcy specialist layers but its not looking good so far…

Pity, because we really thought that this is the one.

The Bulgarian property market is a roller coaster!